Hobart, IN Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Hobart, IN Summary

Cost of living in Hobart research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Hobart is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Indiana, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Hobart is 99, with 100 being the average.

  • The cost of living index in Hobart is 1.0x lower than the national average.

  • Hobart ranks as the #104 cheapest in Indiana out of 124.

  • Hobart ranks as the #3,027 cheapest out of 6,412 in the US.

  • The median home value in Hobart is $164,400.

  • The median income in Hobart is $63,168.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
99
Hobart's Overall Cost Of Living
1.0x
Lower Than The National Average

What is the cost of living in Hobart, IN?

According to the most recent data on the cost of living, Hobart has an overall cost of living index of 99, which is 1.0x lower than the national index of 100.

Compared to Indiana, Hobart has a cost of living index that's 1.1x higher than Indiana's index of 91.

The standard of living in Hobart ranks as #104 most affordable out of the 124 places we measured in Indiana. By definition, that implies Hobart ranks as the #20 most expensive place in the Hoosier State.

For more reading on life in Hobart, check out:

104 out of 124
In Indiana
3,027 out of 6,412
In America

Hobart Cost Of Living Vs. Indiana

Six factors go into calculating the cost of living index in Hobart. Here is how it fairs on each of the criteria:

  • The Services index in Hobart is 112.

  • The Groceries index in Hobart is 106.

  • The Health index in Hobart is 100.

  • The Housing index in Hobart is 78.

  • The Transportation index in Hobart is 115.

  • The Utilities index in Hobart is 94.

Living Expense Hobart Indiana National Average
Overall 99 91 100
Services 112 94 100
Groceries 106 96 100
Health 100 101 100
Housing 78 77 100
Transportation 115 95 100
Utilities 94 106 100
For more reading on cost of living around Indiana, check out:
Hobart Cost of Living Vs. IN

Hobart, IN Housing Cost Breakdown

Housing swings affordability the most between places in Indiana, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Hobart is $164,400.

  • The Median Rent in Hobart is $1,049.

  • The Median Income in Hobart is $63,168.

  • The Home Value To Income in Hobart is 2.6x.

  • The Rent To Monthly Income in Hobart is 0.2x.

Statistic Hobart Indiana United States
Median Home Value $164,400 $158,500 $244,900
Median Rent $1,049 $891 $1,163
Median Income $63,168 $61,944 $69,021
Home Value To Income 2.6x 2.6x 3.5x
Rent To Monthly Income 0.2x 0.17x 0.2x
Search Homes For Sale In Hobart, IN
$164,400
Median Home Value
$1,049
Median Rent
$63,168
Median Income

Hobart, IN Costs By Category

Detailed Hobart Services Costs Vs. Indiana

Item Hobart Indiana
Shampoo $1.06 $1.06
Movie $14.85 $10.68
Bowling $15.76 $14.67
Haircut $27.76 $18.62
Beauty Salon $65.57 $39.05

Detailed Hobart Groceries Costs Vs. Indiana

Item Hobart Indiana
Ground Beef $4.87 $4.22
Fried Chicken $1.99 $1.39
Milk $2.42 $2.05
Potatoes $3.23 $3.29
Pizza $12.0 $10.62
Beer $8.61 $9.38
Toothpaste $2.46 $2.34

Detailed Hobart Health Costs Vs. Indiana

Item Hobart Indiana
Optometrist $96.76 $108.57
Doctor $104.96 $116.17
Dentist $101.82 $99.13

Detailed Hobart Transportation Costs Vs. Indiana

Item Hobart Indiana
Gasoline $2.51 $2.22
Tire Balancing $56.85 $50.07

Detailed Hobart Utilities Costs Vs. Indiana

Item Hobart Indiana
All Electricity $131.89 $167.67
Phone $203.16 $175.64

Hobart SnackAbility

6
/10
Overall SnackAbility
Jobs
6/10
Housing
8
Affordability
8
Diversity
8.5
Safety
6
Amenities
8
Education
8
Commute
6

Cost Of Living In Cities Around Hobart

The cost of living varies in the cities and towns around Hobart. Here's a quick look at the cost of living in the most populous nearby places:

  • Gary, IN has a cost of living index of 91, 0.9x Hobart.

  • Portage, IN has a cost of living index of 101, 1.0x Hobart.

  • Merrillville, IN has a cost of living index of 101, 1.0x Hobart.

City Population Cost Of Living Vs. Hobart
Gary, IN 69,739 91 0.9x
Portage, IN 37,540 101 1.0x
Merrillville, IN 36,196 101 1.0x
Lansing, IL 28,916 98 1.0x
Munster, IN 23,717 109 1.1x
Dolton, IL 21,588 99 1.0x
South Holland, IL 21,524 106 1.1x
Dyer, IN 16,422 108 1.1x
Lake Station, IN 13,292 93 0.9x
Steger, IL 9,568 90 0.9x

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